We've just unveiled plans to build 1,000 new affordable
homes in Edinburgh over the next 5 years.
Margaret Burgess, Minister for Housing and Welfare, and Castle
Rock Edinvar Chair Dr Cathy Garner launched the '1,000 new homes
for Edinburgh' initiative at an event at West Gait, one of our
recently completed developments.
Alister Steele, Managing Director of Castle Rock Edinvar
"We are delighted to announce our programme to provide 1,000 new
homes for Edinburgh. Castle Rock Edinvar is committed to
continuing to provide new affordable homes in Edinburgh and, with
less grant funding available, we have recognised the need to
innovate in order to achieve our aims.
"The additional income generated through leasing stock to let at
intermediate rent allows us to increase borrowing, and with Places
for People's ability to raise capital funding, and the agreement
reached with the Scottish Government and City of Edinburgh Council,
we are going to make a significant contribution to the housing
supply and economic growth in the city in the next five years. West
Gait represents value for money for the public purse and
demonstrates our approach to providing high quality new homes was a
real choice for people in renting or buying."
Housing Minister Margaret Burgess
"Housing initiatives such as Castle Rock Edinvar's '1000 homes
for Edinburgh', which, in partnership with the City of Edinburgh
Council, is making use of the Scottish Government's Housing
Association Grant Recycling Pilot, are crucial in providing
mix-tenure affordable homes for Edinburgh residents, while also
supporting the construction industry and creating more local
"Housing is a major priority for this Government and we are
committed to delivering our commitment of 30,000 affordable homes
during the lifetime of this Parliament."
Housing Leader for the City of Edinburgh Council, Councillor
"Building 1,000 affordable homes is a major and welcome
contribution to tackling Edinburgh's acute shortage of affordable
homes. This is an excellent initiative and I look forward to
working with Castle Rock Edinvar to help them deliver this
"West Gait is a great example of how new modern, energy
efficient social housing can meet housing needs and help build
communities and I look forward to the completion of more of these
developments across the city."